Form 4: Farhad Fred Ebrahimi Reports Beneficial Ownership Changes in Desktop Metal, Inc.
SEC Form 4
Farhad Fred Ebrahimi, a director and 10% owner of Desktop Metal, Inc., reports several transactions involving common stock and put options, indicating changes in beneficial ownership.
Summary
- On August 27, 2024, Farhad Fred Ebrahimi reported changes in beneficial ownership of Desktop Metal, Inc. common stock and put options.
- The transactions involved acquisitions of common stock at prices ranging from $15 to $30 per share.
- These acquisitions were made indirectly through various entities including Corcaigh LLC, Infinity Trusts Investment LLC, Crescent River LLC, Elstead 2020 GRAT, Shiraz Capital LLC, Havana 2020 GRAT, and Farhad F Ebrahimi Roth IRA.
- Ebrahimi also reported transactions involving put options with exercise prices ranging from $15 to $30.
- The put options are associated with the same entities holding the common stock.
- The expiration date for the put options is January 16, 2026, or January 17, 2025.
- Following these transactions, Ebrahimi's indirect beneficial ownership includes significant holdings through the listed entities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about transactions.
Key Dates
| Date | Description |
|---|---|
| 03/02/2023 | Date of exercisable PUT Option (Obligation to Buy) with price $30, underlying 2,370 Common Stock, by Corcaigh LLC, expiring 01/17/2025 |
| 04/03/2023 | Date of exercisable PUT Option (Obligation to Buy) with price $30, underlying 2,880 Common Stock, by Crescent River LLC, expiring 01/17/2025 |
| 04/10/2023 | Date of exercisable PUT Option (Obligation to Buy) with price $30, underlying 3,430 Common Stock, by Infinity Trusts Investment LLC, expiring 01/17/2025 |
| 05/25/2023 | Date of exercisable PUT Option (Obligation to Buy) with price $15, underlying 1,530 Common Stock, by Infinity Trusts Investment LLC, expiring 01/17/2025 |
| 05/30/2023 | Filing date of Power of Attorney granting Brad Nelson authority to act as attorney-in-fact for Farhad Fred Ebrahimi. |
| 06/06/2023 | Date of exercisable PUT Option (Obligation to Buy) with price $20, underlying 14,080 Common Stock, by Crescent River LLC, expiring 01/17/2025 |
| 07/17/2023 | Date of exercisable PUT Option (Obligation to Buy) with price $25, underlying 80 Common Stock, by Infinity Trusts Investment LLC, expiring 01/17/2025 |
| 07/18/2023 | Date of exercisable PUT Option (Obligation to Buy) with price $25, underlying 1,690 Common Stock, by Crescent River LLC, expiring 01/17/2025 |
| 04/12/2024 | Date of exercisable PUT Option (Obligation to Buy) with price $15, underlying 740 Common Stock, by Crescent River LLC, expiring 01/16/2026 |
| 04/24/2024 | Date of exercisable PUT Option (Obligation to Buy) with price $15, underlying 2,740 Common Stock, by Elstead 2020 GRAT, expiring 01/16/2026 |
| 08/27/2024 | Date of the reported transactions involving common stock and put options. |
| 08/29/2024 | Date of signature for the Form 4 filing. |
| 01/16/2026 | Expiration date for some of the PUT Option (Obligation to Buy) by Crescent River LLC and Elstead 2020 GRAT. |
| 01/17/2025 | Expiration date for some of the PUT Option (Obligation to Buy) by Corcaigh LLC, Infinity Trusts Investment LLC and Crescent River LLC. |
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